Iran blockade of Strait of Hormuz could drive surge in UK inflation
British households could face rising energy bills and higher food prices as Iran s blockade of the Strait of Hormuz disrupts global supply chains. The crisis has halted traffic through one of the world s most important shipping routes, through which around a fifth of global seaborne crude oil and gas normally passes. Large volumes of fertiliser raw materials also transit the narrow waterway. The disruption has already sent shockwaves through commodity markets. TRENDING Stories Videos Your Say
British households could face rising energy bills and higher food prices as Iran s blockade of the Strait of Hormuz disrupts global supply chains. The crisis has halted traffic through one of the world s most important shipping routes, through which around a fifth of global seaborne crude oil and gas normally passes. Large volumes of fertiliser raw materials also transit the narrow waterway. The disruption has already sent shockwaves through commodity markets. TRENDING Stories Videos Your Say
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